Reference functions and balanced concessions in bargaining

Anbarci, Nejat 1995, Reference functions and balanced concessions in bargaining, Canadian journal of economics, vol. 28, no. 3, pp. 675-682.

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Title Reference functions and balanced concessions in bargaining
Author(s) Anbarci, NejatORCID iD for Anbarci, Nejat
Journal name Canadian journal of economics
Volume number 28
Issue number 3
Start page 675
End page 682
Publisher Wiley-Blackwell
Place of publication Malden, Ma.
Publication date 1995-08
ISSN 0008-4085
Summary In bargaining, agents expect their concessions to be reciprocated. Using the 'reference function' concept of Thomson (1981), this paper constructs a class of solutions the outcomes of which lead to balanced concessions by agents as prescribed by the reference function adopted. The Kalai/Smorodinsky solution arises as a special case. Another solution in this class, which depends on the entire feasible set, is generated by using the centre of gravity as the reference function.
Language eng
Field of Research 140103 Mathematical Economics
HERDC Research category C1.1 Refereed article in a scholarly journal
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Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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